Jan 28 (Reuters) - Australian shares are set for a sharp drop at the open on Tuesday as growing fears surrounding the economic impact of the coronavirus jolted global markets.
Lower oil and metal prices are expected to drag energy and mining stocks. local share price index futures YAPcm1 fell 1.2%, a 174.5-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark was little changed on Friday, and was closed on Monday for a public holiday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.6% in early trade.